when does the crash on books i'm bidding on begin?

[Dyan]

So? What is the point of a reserve? I can understand that sellers have a miminum amount they want, but why not simply set the opening bid at that amount?

[tth2]

So? What is the point of a reserve? I can understand that sellers have a miminum amount they want, but why not simply set the opening bid at that amount?

Bidding, even if below the reserve, can stimulate interest in the item.

[tth2]

I usually avoid any auctions (comiclink,ebay,etc.) that have reserves unless the reserves are listed in the item description.

Cool, one less competitor in the world.

[Scheradon]

So? What is the point of a reserve? I can understand that sellers have a miminum amount they want, but why not simply set the opening bid at that amount?

 

The truth of the matter is that some people just want to guage what their comic "would" go for. Like say you had an Amazing fantasy #15 cgc 5.0 and wondered how much someone would be willing to bid, but not necessarily interested in selling it (unless you get the crazy reserve you put on it). I have a buddy who does this all the time with his vintage toys. Also some just like to show off their collections this way to draw interest to other lower reserved or no reserved items.